Sabtu, 29 Agustus 2015

INDONESIA TRYING TO REDUCE IMPORTS

By Andi Abdussalam
          Jakarta, Aug 29 (Antara) - Indonesia does not need to worry about the depreciation of its Rupiah currency as this could boost exports and reduce imports and encourage the use of domestically produced goods.
         "The government should work hard to cut its imports while increasing the use of local goods," Marine Affairs and Fisheries Minister, Susi Pudjiastuti, said on Saturday.
         She said the depreciation of the local currency should not excessively raise concerns as it was a global phenomenon and numerous other countries in the world were also experiencing the same thing.
         Minister Pudjiastuti said the Indonesian government had been working hard to reduce its dependence on imports amidst the rupiah weakening against the U.S. dollar.
         Therefore, she called on the public to increase their sense of nationalism and use local products with pride.
         Indonesia could also follow the example of other countries which had been successful in developing their local products, such as Russia.
      Pudjiastuti also urged Indonesians to consume fish if the prices of other food products, such as beef and chicken continued to soar.

INDONESIA SEEKS MORE INVESTMENT FROM SOUTH KOREA

By Andi Abdussalam
         Jakarta, Aug 29 (Antara) - Indonesian Vice President Jusuf Kalla, who is on a five day visit until Sunday to attend a peace conference in Seoul, has promoted Indonesian businesses to attract more investment from South Korea.
        Kalla, who attended the Peace Summit of the Universal Peace Federation on Friday, also held meetings with the South Korean prime minister, trade and industry minister and conglomerates.
       "Indonesia and South Korea are friendly countries and have strong relations," Kalla said in his address during a dinner party with South Korean conglomerates at Conrad Hotel, Seoul, Friday night.
        During his speech, Kalla introduced additional investment potentials to South Korea, which is one of the five largest investor countries in Indonesia.
        He noted that South Korea and Indonesia are both 70 years old, but South Korea has moved ahead in becoming an advanced nation.

Jumat, 28 Agustus 2015

CONCERNS ABOUT RI'S ECONOMIC CONDITIONS MOUNT

 By Andi Abdussalam
          Jakarta, Aug 28 (Antara) - Concerns about the unfavorable economic conditions in the country and global economic uncertainty are growing following the Rupiah's depreciation to about Rp14,000 against the U.S. dollar.
         The economic difficulties that have manifested themselves recently are posing a dangerous threat to the country and should be dealt with immediately.
         "In terms of economic fundamentals, growth and socio-politics, the economic conditions today are different from those during the economic crisis of 2008 and 1998. But the government should not be careless because the present economic conditions can pose a dangerous threat,"  former President Soesilo Bambang Yudhoyono, or SBY, said at his Puri Cikeas residence in Bogor, West Java, on Thursday night.
         The former President asked the government of President Joko Widodo (Jokowi) to remain alert in the face of present conditions, particularly with regards to the ongoing unfavorable economic conditions.
         The same concern was also raised by Zulkifli Hasan, Chairman of the People's Consultative Assembly (MPR). He reiterated that the current economic conditions were different from those existing in 1998.

Kamis, 27 Agustus 2015

JAPAN MAKES NEW PROPOSAL ON INDONESIAN FAST TRAIN PROJECT

 by Andi Abdussalam
         Jakarta, Aug 27 (Antara) - Japan has come up with a new proposal on the development of high speed trains (HST) in Indonesia amidst stiff competition from China to win the project.
        Chief Economic Minister Darmin Nasution, who accompanied President Joko Widodo, to receive the Japanese delegation at the Presidential Palace on Wednesday said Japan had raised a new offer during a meeting with the President.
        "Japan has offered that it can accept the requirement for a reduced guarantee on the project from a full guarantee," Nasution stated on Wednesday.
        Japan also expressed readiness to accelerate the completion of the project from its previously proposed schedule. "They said it will be difficult to accelerate the project in terms of a time frame if an environmental study is included. They basically have several (new) proposals. I cannot explain it all yet. There is also the matter of transfer of technology," the minister said.
        The new offer proposed by Japan is related to a new development in the Jakarta-Bandung high speed train project deal.

Rabu, 26 Agustus 2015

RUPIAH DEPRECIATION HAS NOT HURT INVESTMENT FLOW

  By Andi Abdussalam
          Jakarta, Aug 26 (Antara) - The recent depreciation of Indonesia's rupiah currency against the U.S. dollar has so far not hampered the flow of investment in the country.
         Currently pegged at Rp12,500 against the U.S. dollar in the revised 2015 state budget, the rupiah has continued to weaken since early this year from about Rp12,580 per U.S. dollar to Rp14,000 per U.S. dollar. Yet the deprecation has not significantly affected investment in the country.
         "We do not see yet the impact of the rupiah's depreciation on investment. However, it affects the real sector as demand is likely to drop", Franky Sibarani, the head of the Capital Investment Coordinating Board (BKPM), said in Jakarta on Tuesday.
         Since the first semester of this year, the rupiah's depreciation has had no direct impact on the flow of investment. Investors are even trying to take advantage of the rupiah weakening by improving performance and their exports. That is a positive aspect of the rupiah depreciation.
         "Data shows that during the first semester of the year, realization of investment rose by 16.6 percent. The realization of investment in the steel industry jumped 100 percent in the first semester," Sibarani pointed out.
         BKPM has set an investment target of Rp519.5 trillion in 2015 and Rp594.8trillion in 2016, or up by 14.5 percent.

Selasa, 25 Agustus 2015

SAIL TOMINI MEANS OF BUILDING TOLLERANCE

 By Andi Abdussalam
          Jakarta, Aug 25 (Antara) - The upcoming 'Sail Indonesia' or 'Sail Tomini 2015' event which will peak in Central Sulawesi Province on September 19, 2015 is a means of building harmony and tolerance among different groups of people and nations.
         Sail Indonesia is an annual event which this year is called 'Sail Tomini' because it will be held at Indonesia's largest gulf - 'Tomoni Bay'. It will bring together different groups of ethnicity, foreign citizenship and religious adherents.
         Thus, while promoting Central Sulawesi's tourism and cultural potential, the sail event is also a means of building religious tolerance as it contains religious values, particularly Islamic values.
         "The event will reinforce human relations and build a common perception about the cultivation of maritime and cultural potential in this region. This is one of the values of Islam," the Rector of the State Institute of Islamic Studies (IAIN), Prof. Dr H Zainal Abidin said on Tuesday.
         He said the Sail Tomini 2015 event would also bring together not only people from a certain ethnic group, or religion, but also thousands of visitors from various ethnic groups and from different religions, even people from different nations.

Minggu, 23 Agustus 2015

'EQUATOR CARNIVAL' PROMOTES PONTIANAK TOURISM

 By Andi Abdussalam
          Jakarta, Aug 23 (Antara) - The 'Equator Carnival 2015' organized in the West Kalimantan provincial capital of Pontianak for two days on Saturday and Sunday is considered successful and could be made an annual event to promote the  province's tourism.
         Tourism Minister Arief Yahya claimed the event which was held in conjunction with the celebrations of the 70th anniversary of Indonesia's independence had made a great success.
         "Thank God, the carnival made a great success," Minister Arief Yahya said in Pontianak at the conclusion of the activity on Sunday. 
    He referred to the great number of people, particularly the residents of Pontianak City and people from outside the city, who came to enliven the carnival event.

         "More than a half of the Pontianak City residents flocked to the Kapuas Square last night to enliven the folk festival," the minister said.
         The Equator Carnival consisted of three events - land carnival, water carnival and folk festivity.  Hundreds of decorated boats and cars took part in the carnivals.
         Pontianak, the provincial capital of West Kalimantan, is the host of the Equator Monument which marks the division between the northern and southern hemispheres.